TNAG-2141-FCO40-3060-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 64

XM (90) 26

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240

7

for

the

provision

of the necessary technical

equipment were not yet known.

2.

In reply to

the Governor said that

whilst there was no formal necessity to obtain

Chinese approval for the new Hong Kong airport, it

was obviously desirable to persuade them to

favourably in order to encourage

comment

investment in the project. But HKG would not

delay the commencement of construction pending a

response from the Chinese. The Chief Secretary

said that the construction of airports in Zhuhai,

Shenzhen and Macau were of a much smaller scale

and they would not rival the new airport in Hong

Kong nor affect HKG's long-term planning of the

facility.

3. In response to

borrowing

and

there

comment that heavy

would be required to finance the airport

were

that the repayment schedule would extend

beyond 1997, the Financial Secretary said that

many other forward financial

commitments for the SARG, but that in this case,

the burden would not necessarily fall on the SARG

possibly, on the Airport Authority.

but

The

Financial Secretary said that the intention was

that the project itself would finance repayments;

Redacted under FOI exemptions 27(1), 40(2) and 41.

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